Medi Assist Healthcare IPO

Home Taxes

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Minimum tax

Corporations in some countries are subject to an annual tax, regardless of their profitability. This is known as a minimum tax or flat tax. It is a fixed amount that businesses must pay to the government every year, regardless of their financial performance. This type of tax is designed to ensure that all companies contribute to the economy, even if they are not making a profit. It is an important concept to understand in the world of finance, as it impacts the financial planning and decision-making process for corporations.

Progression

This is done in order to distribute the tax burden fairly among individuals. As we delve into the world of finance, it's important to understand the concept of progressive ...

More

Accounts receivable

is known as accounts payable. Accounts payable is a term commonly used in the world of finance. It refers to the amount of money a company owes to its creditors, which is r...

More

Accounting basis

One of the key elements in understanding finance is the calculation of income tax and value-added tax (VAT). For VAT, the taxable amount is calculated by subtracting purchas...

More

Taxable year

The tax liability of an individual or entity is determined over a period of time, commonly known as the "tax year". This period typically spans 12 months and is used to calc...

More